Upscale apartment tower with office, retail space nears completion in Jersey City

JERSEY CITY, NJ - A 13-story, 196-unit apartment development in Jersey City is nearing completion, marking a key milestone for a project financed late in 2024 through a $35 million construction loan from Kearny Bank.

Located at 166 Van Reipen Avenue, the project will offer convenient access into New York City through the nearby PATH Station and Journal Square. As of April 1, 2026, construction is approximately 94% finished, with final completion expected within a few weeks. The development - which will also feature 14,500-square-feet of office space and 4,300-square-feet of retail space - will provide upscale residential options within the evolving neighborhood.

"We're proud to support this project, which we're confident will have an immediate positive impact," says Gary Brozowski, Kearny Bank's Director of Commercial Real Estate Lending. "Working in conjunction with experienced developers like RKS Group, we remain focused on financing opportunities that will strengthen communities throughout Jersey City and surrounding areas."

The construction company for the Van Reipen Avenue project is High Rise Construction Solutions.

In the past two years, Kearny Bank has provided more than $500 million in financing for commercial real estate projects across New Jersey, New York, Connecticut, Delaware, Maryland, and Pennsylvania.

About Kearny Bank

Combining the finest traditions of community banking with the industry's latest, most effective financial products and services, Kearny Bank provides business and personal clients with the tools for success. Established back in 1884, and now operating from corporate offices in Fairfield, NJ, Kearny Bank's footprint covers most of New Jersey, along with Brooklyn and Staten Island. Additional information is available at kearnybank.com or by visiting Kearny Bank's social media channels: Facebook, Instagram, LinkedIn and YouTube.